Day: March 8, 2019

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The market is cycling between periods of low volatility and high volatility. After a week of small range days, the range expanded on Monday and crypto markets decided to move southwards. What caused this sudden fall? There are no specific fundamental reasons that might…

Ethereum (ETH) co-founder Vitalik Buterin proposed that wallets charge a gas fee for transactions in order to support developers in a tweet on March 8. Gas is a unit for measuring the computational work of operating transactions or smart contracts in the Ethereum network, wherein different kinds of transactions require a different volume of gas to execute. Gas price is the price of ETH a user wants to pay for every unit of gas measured in gwei, while gas limit represents the maximum amount of gas a user will pay for…

Friday, March 8 — cryptocurrency markets are trading sideways, remaining relatively quiet with moderate losses throughout the top 20 coins, according to Coin360. Market visualization from Coin360 The leading cryptocurrency Bitcoin (BTC) is up 0.5 percent during the past 24 hours, and is trading at around $3,942 at press time. BTC began the day at $3,921, hitting its highest mark at $3,947 in the middle of the day before reaching its current price. Bitcoin 24-hour chart. Source: CoinMarketCap Ethereum (ETH) is down by 0.06 percent on the day, trading around…

In today’s edition of crypto news, we’ll cover OKEX’s latest addition to its customer-to-customer platform and IBM’s new blockchain patents. Crypto news has been a bit slow this week, in regards to big announcements but the two we’ll discuss today should give investors some confidence going into the weekend. OKEx Adds TRON (TRX) to C2C Platform OKEx, the world’s fourth-largest cryptocurrency exchange by 24-hour trade volume, announced the addition of TRON (TRX) to its Customer-to-Customer platform on Wednesday. Tron (TRX) is now available on our C2C market! Deposit/Trade in our C2C market…

US prosecutors have arrested one leader of the OneCoin project for stealing billions from investors through the alleged pyramid scheme. Ruja Ignatova and Konstantin Ignatov have been indicted by the State of New York for wire fraud, securities fraud, and money laundering. Ignatov was arrested this week, however, Ignatova remains at large. The pair defrauded investors out of “billions of dollars” using fake cryptocurrency. OneCoin Prosecutors are calling the OneCoin project a pyramid scheme whereby members work on a commissions basis and try to recruit other members to the project.…

North America’s largest branded shelf-stable seafood firm Bumble Bee Foods has launched a blockchain platform for seafood traceability. The project was created in collaboration with German tech company SAP specializing in enterprise software, according to a press release on March 8. Based on SAP Cloud Platform Blockchain service, the new platform can purportedly monitor the supply chain of yellowfin tuna from Indonesia to end customers. The announcement was made at the annual industry conglomerate South by Southwest Conference (SXSW) that is taking place from March 8 to March 17 in…

Ripple prices in range mode Fuzzy regulations impede XRP adoption. Transactions volumes drop, prices dip As long as there is doubt on XRP status, financial institutions, as well as processors, will steer clear. Until then, Ripple (XRP) prices will be in range mode trading within tight trade channels with caps at 34 cents. Ripple Price Analysis Fundamentals By design, the Ripple network is in place to cater to the needs of the more than 15,000 individual banks. Their scope is broad but slowed down by institutions not ready to “experiment”…

The Singapore government will press ahead with a pilot of its blockchain-based maritime trade platform TradeTrust through an official partnership, trade news outlet Asia Middle East Maritime Focus reported on March 7. TradeTrust, which aims to leverage blockchain to streamline complex manual processes involved in international shipping, will first focus on blockchain-powered electronic bills of lading (EB-Ls). Processing the essential trade document can often incur long time spans and considerable extra costs using paper-based methods. The pilot follows a January Memorandum of Understanding signed by Singapore’s Infocomm Media Development Authority…

A committee of the Connecticut state legislature has proposed to authorize the use of smart contracts in commerce in the state, according to official documentation introduced on March 7. The Commerce Committee of the Connecticut General Assembly (CGA) has introduced House Bill 7310, suggesting that blockchain-powered smart contracts may be used in commerce conducted or initiated in the United States state of Connecticut. The committee elaborated that any cryptographic signature or a record secured through distributed ledger technology (DLT) should be considered to be in an electronic form and an…

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